Micro Focus International (MCRO) Upgraded at Investec
Micro Focus International (LON:MCRO) was upgraded by research analysts at Investec to a “hold” rating in a research note issued on Tuesday. The firm presently has a GBX 1,000 ($13.82) price objective on the stock, down from their prior price objective of GBX 1,900 ($26.25). Investec’s target price would indicate a potential upside of 2.82% from the company’s current price.
Several other research analysts also recently commented on MCRO. Credit Suisse Group reissued an “underperform” rating and set a GBX 1,942 ($26.83) target price on shares of Micro Focus International in a research note on Monday, November 20th. Deutsche Bank downgraded Micro Focus International to a “hold” rating and set a GBX 2,800 ($38.68) target price for the company. in a research note on Monday, November 27th. Canaccord Genuity reissued a “buy” rating and set a GBX 2,880 ($39.79) target price on shares of Micro Focus International in a research note on Tuesday, November 28th. Citigroup reissued a “neutral” rating on shares of Micro Focus International in a research note on Monday, December 4th. Finally, Goldman Sachs started coverage on Micro Focus International in a research note on Wednesday, December 13th. They set a “neutral” rating and a GBX 2,600 ($35.92) target price for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Micro Focus International has an average rating of “Hold” and an average price target of GBX 1,445 ($19.96).
Micro Focus International (LON:MCRO) opened at GBX 972.60 ($13.44) on Tuesday. The company has a market capitalization of $8,280.00 and a PE ratio of 1,984.90. Micro Focus International has a 52 week low of GBX 26.78 ($0.37) and a 52 week high of GBX 2,970.50 ($41.04).
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About Micro Focus International
Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications.
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